Drain fruit cocktail, add all ingredients to cream cheese, and beat with an electric mixer until fruit gets mashed up. If you want to form it into a cheese ball, also drain the pineapple juice. (I prefer mine as a spread.)

Top with chopped peanuts, if desired, or, if making a cheese ball, roll in chopped peanuts.

Serve with crackers: I use Triscuits, Wheat Thins, and Ritz.

Freeze leftovers or make a double batch with the purpose of freezing some for another time.